Problem Statement:
An Indian company specializing in regenerative medicine and therapy sought the prestigious DSIR (Department of Scientific and Industrial Research) certification. This certification is the only recognition by the Government of India for R&D conducted by manufacturers, allowing tax incentives and acknowledgment of their research efforts. The challenge lay in ensuring comprehensive documentation and facility readiness to meet the stringent criteria required for DSIR certification.
Our Approach:
- Assessment and Preparation:
D2R conducted a thorough evaluation of the company’s R&D activities, infrastructure, and ongoing projects to ensure alignment with DSIR requirements. - Documentation Support:
Prepared and submitted detailed documentation, including:- R&D project details, outcomes, and impact analysis.
- Details of dedicated R&D staff and their qualifications.
- Financial statements highlighting R&D expenditures.
- Facility Readiness:
Ensured the client’s R&D facility met DSIR standards by implementing necessary upgrades and documenting compliance with statutory requirements. - Regulatory Coordination:
Acted as a liaison between the company and DSIR officials, addressing queries and streamlining the review process to facilitate approval.
Outcome:
The company successfully obtained DSIR certification, officially recognizing their pioneering work in regenerative medicine and therapy. This certification not only enabled them to claim tax incentives for their R&D activities but also enhanced their credibility and positioning as an innovative leader in the field.
